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Home Finance Fortress Closes $96MM Loan for Cityview’s 296-Unit Jasper Apartments Near Downtown Los Angeles as Multifamily Demand Outpaces Struggling Office Sector
FinanceIndustry NewsLos AngelesResidential

Fortress Closes $96MM Loan for Cityview’s 296-Unit Jasper Apartments Near Downtown Los Angeles as Multifamily Demand Outpaces Struggling Office Sector

February 11, 20263 Mins read604
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Los Angeles
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The refinancing replaces construction debt and signals institutional confidence in DTLA-area luxury residential, even as office vacancy soars and the city's largest-ever adaptive reuse conversion breaks ground nearby. Fortress Investment Group has closed a $96 million whole loan for Jasper, a 296-unit Class A multifamily community at 2528 South Grand Avenue in Los Angeles, marking […]

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